Agenda

Pension Advisory Board - Friday, 7 February 2025 9.30 am

Venue: County Hall, Chichester PO19 1RQ

Contact: Email:  democratic.services@westsussex.gov.uk 

Items
Note No. Item

Part I

10.00 am

1.

Declarations of Interests and Conflicts

Members and officers must declare any pecuniary or personal interest, or any potential conflicts of interest in any business on the agenda. They should also make declarations at any stage such an interest becomes apparent during the meeting. Consideration should be given to leaving the meeting if the nature of the interest warrants it. If in doubt, contact Democratic Services before the meeting.

10.02 am

2.

Part I Minutes of the last meeting pdf icon PDF 85 KB

To confirm the part I minutes of the meeting of the Board held on 11 November 2024.

10.04 am

3.

Urgent Matters

Items not on the agenda, which the Chair of the meeting is of the opinion, should be considered as a matter of urgency by reason of special circumstances.

10.04 am

4.

Part II Matters

Members are asked to indicate at this stage if they wish the meeting to consider bringing into Part I any items on the Part II agenda.

5.

Action Log pdf icon PDF 41 KB

This report contains updated on matters arising from previous minutes.

 

The Board is asked to note the report and the progress on actions.

10.06 am

6.

Pensions Committee Minutes - Part I

The Board is asked to note the confirmed Part I minutes from the meeting of the Pensions Committee 8 November 2024 and 18 December 2024 and the agenda from the meeting of the Pensions Committee on 27 January 2025.

6a

8 November 2024 Minutes pdf icon PDF 70 KB

6b

18 December 2024 Minutes pdf icon PDF 49 KB

6c

27 January 2025 Agenda pdf icon PDF 102 KB

10.10 am

7.

Business Plan Update pdf icon PDF 67 KB

Report by the Chair of the Pension Advisory Board.

The Board is asked to note the recommendations in the report.

Additional documents:

10.25 am

8.

Administration procedures and performance pdf icon PDF 57 KB

The Board is asked to consider the Administration Report from the 27 January 2025 Committee by the Director of Finance and Support Services.

Additional documents:

10.40 am

9.

Regulations and Governance update pdf icon PDF 68 KB

Report by the Chair of the Pension Advisory Board.

The Board is asked to note the current issues relating to Scheme Regulations and Governance.

Additional documents:

10.55 am

10.

Policy Documents pdf icon PDF 45 KB

Report by Director of Finance and Support Services.

The Board is asked to note the register of Policy Documents and provide feedback on the Draft Administration Strategy.

 

 

Additional documents:

11.20 am

11.

Financial Information pdf icon PDF 71 KB

The Board is asked to consider the Financial Information Report from the 27 January 2025 Pensions Committee by the Director of Finance and Support Service

 

11.30 am

12.

Date of Next Meeting

The next meeting of the Board will be held at 9.30 am on 28 April 2025.

11.34 am

13.

Exclusion of Press and Public

The Board is asked to consider in respect of the following item(s) whether the public, including the press, should be excluded from the meeting on the grounds of exemption under Part I of Schedule 12A of the Local Government Act 1972, as indicated below, and because, in all the circumstances of the case, the public interest in maintaining the exemption of that information outweighs the public interest in disclosing the information.

Exempt: paragraph 3, financial or business affairs of any person (including the authority).

Part II

11.36 am

14.

Part II Minutes of the last meeting

To confirm the part II minutes of the meeting of the Board held on 11 November 2024.

11.36 am

15.

Pensions Committee Minutes – Part II

The Board is asked to note the confirmed Part II minutes from the meetings of the Pensions Committee on 8 November 2024 and 18 December 2024 (yellow paper).

15a

8 November 2024 Minutes

15b

18 December 2024 Minutes

11.40 am

16.

LGPS Investment Pooling

The Board is asked to consider the following report which went to the Pensions Committee on 27 January 2025.

Report by the Director of Finance and Support Services attached for members of the Board only (yellow paper).

11.55 am

17.

2025 Valuation Approach

The Board is asked to consider the following report which went to the Pensions Committee on 27 January 2025.

 

Report by the Director of Finance and Support Services attached for members of the Board only (yellow paper).